Results for "trusts"

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Adviser who led double life gets 17 years for $20M fraud

March 24, 2010

A federal judge has sentenced a Massachusetts adviser to more than 17 years in prison for committing a fraud that netted him more than $20 million from the descendants of a 19th-century industrialist and using the money on personal extravagances,...

Boston Private Financial's sale of Westfield to management should buoy bank, repay bailout bill

October 7, 2009

Recent and upcoming unit sales at Boston Private Financial Holdings Inc. will give the bank holding company enough cash to repay government bailout funds without a capital raise, an analyst said Wednesday. Fox-Pitt Kelton analyst Thomas Alonso...

Citigroup sells stake to Abu Dhabi authority

November 27, 2007

Citigroup Inc. is selling a 4.9% stake to the Abu Dhabi Investment Authority, the sovereign wealth fund of the government of Abu Dhabi, in a transaction valued at $7.5 billion. The new capital will help Citigroup rebound from $8 billion to $11...

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